Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Tesla Motors Inc (TSLA) Will See $200 In the Short Term: Richard Ross

The S&P 500 (INDEXSP:.INX) has been showing some weaknesses in the market for the current week as it’s price fell by about 1%, down to approximately $1980. Since Tesla Motors Inc (NASDAQ:TSLA) is among the momentum stocks, with almost 67% year to date growth, it’s bound to fall in price as the market senses troublesome moments, even the ones that last little time. Yahoo! Finance presented a general and a technical analysis of Tesla Motors Inc (NASDAQ:TSLA)’s value and its future swings.

Tesla Motors Inc (NASDAQ:TSLA)

Most of the current value is strongly correlated to the Gigafactory project, on which the electric car manufacturer is currently working. Besides, Tesla Motors Inc (NASDAQ:TSLA) also disclosed very optimistic guidance regarding vehicles to be produced.

“[…] Tesla’s very much an option in a lot of ways, because if they can achieve what they’re aiming to achieve, this stock, even at 238 times forward estimated earnings, is still actually potentially cheap. But, right now you’re looking at a situation where they may fall short of their 2015 target of 100,000 cars,” said Gina Sanchez of Chantico Global.

Taking a more technical attitude towards the price curve, one can see that Tesla Motors Inc (NASDAQ:TSLA)’s value per share has met resistance in reaching the key $300 spot and its current uptrend can end in a collapse of the price. The 200-day moving average is way below the all-time numbers for the same statistic and might indicate a pessimistic future for the electric car company.

“I think we’re going to see $212, maybe even $200 in the short term. I would be a seller of this stock right here. Even for longer term investors this is not a compelling entry point, you can be patient on Tesla,” stated Richard Ross of Auerbach Grayson Global Technical Strategist.

Wrapping all up, it’s difficult to have a clear overview of Tesla Motors Inc (NASDAQ:TSLA)’s stock price movements, so it’s currently better to invest some patience, instead of liquidity, in the company.

Disclosure: none


Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!